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Fixed Deposit

MODEL 365 This is a Term Deposit investment that can be held for 365 days, where the depositor can get interest on a quarterly basis by way of credit to his/her Savings/Current Account with us. Investments can be made for minimum amount of Rs. 10,000 /- and in multiples of Rs.1,000/- thereafter.

This is a Term Deposit investment that can be held for 1000 days, where the depositor can get interest on a quarterly basis by way of credit to his Savings account. Investments can be made for minimum amount of Rs. 10,000 /- and in multiples of Rs.1,000/- thereafter.

Quarterly Income Plan are excellent investment opportunities for depositors who do not have a fixed income and can earn interest on a quarterly basis, as the case may be. The interest provided is credited directly to the depositor’s savings account with the bank.

Quarter Re-Investment Plan is a good form of investment for depositors who have a regular income and do not require to withdraw the interest on the deposit. The interest earned is added to the principal amount and reinvested to gain substantial increase in the amount invested.

To meet monthly expenses, Customers can keep deposit with us under this scheme, where a fixed interest on a monthly basis will be credited to their savings account and a standing instruction can be given for debiting their ECS, Reliance Bills Collection, Telephone bill payment etc.

This is a Term Deposit investment that can be held for 500 days, where the depositor can get interest on a quarterly basis by way of credit to his Savings account. Investments can be made for a minimum amount of Rs. 10,000 /-

Short Term Deposits are deposits designed for placing deposits for a shorter duration i.e. presently from 7 to 29 days, 30 days, 31-89 days, 90 days, 91-180 days, 181-364 days (Below 1 Year). Depositor can avail of higher interest rates compared to interest paid to savings bank account.

TERM DEPOSIT INTEREST RATES (w.e.f. 01.01.2022)

Term deposits General Public Senior Citizen Bulk
7 to 29 days 3.40 % 3.40 % NA
30 days 4.40 % 4.65 % 4.65 %
31 days to 89 days 4.40 % 4.65 % NA
90 days scheme 4.90 % 5.15 % 5.15 %
91 days to 180 days 4.90 % 5.15 % NA
FDR 181 days to Below 1 year 5.15 % 5.40 % NA
(MIP/QIP/QRIP) 12 months upto 60 months 5.90 % 6.15 % 6.15 %
M1000 days 5.90 % 6.15 % 6.15 %
Model 365 days 6.25 % 6.50 % 6.50 %
Model 500 days 5.90 % 6.15 % 6.15 %
6 months deposit scheme 5.65 % 5.90 % 5.90 %
* Conditions Apply
* KYC Documents such as Address Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.
Rate of Interest for NRE/NRO Accounts:
NRE Deposits - 1 year to 3 years - 5.90%
NRO Deposits - 7 days to 5 years - Same interest as offered on domestic deposits